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AKER YARDS EXTENDS OPTION FOR SECOND ULTRA VOYAGER
18.8.2004

Kvaerner Masa-Yards, part of Aker Yards, announces that it has agreed with Royal Caribbean Cruises Ltd. to extended an option to purchase a second Ultra Voyager ship, scheduled for delivery in 2007.

Royal Caribbean and Kvaerner Masa-Yards Inc., have agreed to extend the option to September 30, 2004. The option was to have expired on August 31, 2004.
 
 
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For more information, please contact:
 
Aker Yards
Tore Langballe, SVP Communications and Investor Relations, tel. +47 90 777 841
 
Royal Caribbean International
Ms Lynn Martenstein, VP Corporate Communications, tel. +1 305 539 6573
 
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Royal Caribbean International Ltd.  is a global cruise vacation company with a combined total of 29 ships in service and one under construction. The company also offers unique cruisetour vacations in Alaska, Canada and Europe. Additional information can be found on www.royalcaribbean.com, www.celebrity.com or www.rclinvestor.com.
 
Aker Yards is an international shipbuilding group focusing on complex and sophisticated vessels and is Europe's largest and one of the world's five largest shipbuilders.Aker Yards has a strong position in terms of capacity, product range, technology and experience. The Company's product range includes offshore vessels, cruise and ferry vessels, other complex vessels and merchant vessels. The Group has 13 yards in four countries in Europe and in Brazil. Aker Yards had a turnover of NOK 16 bn. in 2003, and has approximately 14.500 employees. www.akeryards.com
 
Kvaerner Masa-Yards Inc. is specialised in designing and building cruise vessels, ferries and technically demanding vessels. Our Customer Service division is providing life cycle services for vessels and Piikkio Works Oy, a separate company under Kvaerner Masa-Yards, manufactures ready-to-install modular cabins and bathrooms. Kvaerner Masa-Yards also offers marine related design and engineering services, at its marine engineering units located in Finland and Canada. In 2003 Kvaerner Masa-Yards Inc. had annual revenues of about €770 million, and an own staff of about 3,600. Kvaerner Masa-Yards Inc. is owned by Aker Yards ASA, which is listed on the Oslo Stock Exchange. www.masa-yards.com
 

 
   
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